Speaking to MPA, he said: “We’re just seeing that the houses that do come on the market are getting the asking price, plus.
“What we’re seeing in this market is if someone lists their home for $500,000 – and I haven’t seen this in the past – they’re getting an offer for $550,000 – they’re willing to bring the extra $50,000 to the table to get the property.”
Smith, who has lived and worked in Raleigh for some 13 years, said his company had been running at or near capacity for the last year-and-a-half and not seen any big declines in sales. “If you list your house, you’re going to get top dollar for it,” he remarked.
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He went on: “Due to a lack of inventory, you’re seeing a lot of multiple offers on a house. I had one person in my neighborhood telling me they were listing their house on Saturday, warning me that they had 38 people already coming in to view it in one day.”